Fifth Third Bancorp Sells 4,332 Shares of Philip Morris International Inc. $PM

Fifth Third Bancorp lowered its position in Philip Morris International Inc. (NYSE:PM) by 0.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 559,571 shares of the company’s stock after selling 4,332 shares during the period. Fifth Third Bancorp’s holdings in Philip Morris International were worth $90,762,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PM. Corient Private Wealth LLC raised its stake in shares of Philip Morris International by 1.2% in the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock worth $89,354,000 after acquiring an additional 5,681 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Philip Morris International by 10.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 549,481 shares of the company’s stock worth $84,922,000 after purchasing an additional 51,399 shares during the last quarter. Dynasty Wealth Management LLC grew its stake in shares of Philip Morris International by 53.0% during the third quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company’s stock worth $4,505,000 after purchasing an additional 9,622 shares during the period. Westwood Holdings Group Inc. grew its stake in shares of Philip Morris International by 295.8% during the second quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock worth $12,333,000 after purchasing an additional 50,610 shares during the period. Finally, Stratos Wealth Partners LTD. increased its holdings in Philip Morris International by 23.6% in the third quarter. Stratos Wealth Partners LTD. now owns 43,926 shares of the company’s stock valued at $7,125,000 after purchasing an additional 8,392 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.8%

PM opened at $187.35 on Monday. The stock has a market capitalization of $291.64 billion, a P/E ratio of 25.77, a P/E/G ratio of 2.14 and a beta of 0.39. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $190.98. The firm’s fifty day simple moving average is $167.34 and its 200 day simple moving average is $162.35.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, February 6th. The company reported $1.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter last year, the business posted $1.55 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were given a $1.47 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s payout ratio is currently 80.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley restated an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Stifel Nicolaus set a $200.00 price objective on shares of Philip Morris International in a report on Monday, February 9th. Citigroup increased their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Finally, Barclays decreased their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.06.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.